PMG secures $250M refi for new Fort Lauderdale Rental
Thursday, November 12, 2026 · first reported by Commercial Observer
PMG and Greybook have obtained $250 million to refinance the second phase of Society Las Olas, a 42-story, 563-apartment tower in Downtown Fort Lauderdale completed this year. The lender is Benefit Street Partners, part of Franklin Templeton, according to property records cited by Commercial Observer.
The new debt replaces a $226 million construction loan made in 2022 by Related Fund Management and Lubert-Adler, a PMG representative said. The tower sits at 140 Southwest Second Street and 219 Southwest First Avenue.
- Firm
- PMG
- Also named
- Greybook, Benefit Street Partners, Franklin Templeton, Related Fund Management, Lubert-Adler
- Asset class
- Real estate, Credit
- Geography
- North America
The summary and fields above are extracted from the published reports and can contain errors. The linked articles are the source of record.
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